“Intel had great results and they’re probably going to do it again,” Berger told CNBC.

“I have a market perform rating on Intel and a $27 price target, but it’s going to take another quarter or two for investors to say it's sustainable, the company can keep margins at or above 60 percent, and continue to make a lot of profit.”

Berger said he is bullish on the semiconductor sector because he believes IT, enterprise, and communication and network-related spending will see a rise.

“As corporate budgets are refreshed in 2010, I definitely expect there to be strong growth,” he said.

Berger said he’s also starting to see revenues come back into the semiconductor industry, having recovered almost all the way.

“They’re actually stealthfully starting to rehire slowly,” he said. “In my opinion, semiconductors are an early cyclical and so that’s a canary in the coal mine for the rest of the economies, as we move through 2010.”